Blair William & Co. IL Sells 2,074 Shares of Samsara Inc. (NYSE:IOT)

Blair William & Co. IL lowered its holdings in shares of Samsara Inc. (NYSE:IOT) by 0.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 742,855 shares of the company’s stock after selling 2,074 shares during the period. Blair William & Co. IL owned 0.13% of Samsara worth $25,034,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Baillie Gifford & Co. grew its holdings in Samsara by 18.1% during the second quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company’s stock worth $924,499,000 after purchasing an additional 4,207,974 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Samsara by 18.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock worth $666,584,000 after acquiring an additional 2,797,326 shares during the last quarter. Vanguard Group Inc. lifted its position in Samsara by 12.1% during the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after acquiring an additional 1,841,149 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Samsara by 102.1% during the first quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock worth $288,266,000 after acquiring an additional 3,853,400 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Samsara by 12.2% during the first quarter. Westfield Capital Management Co. LP now owns 2,228,759 shares of the company’s stock worth $84,225,000 after acquiring an additional 243,170 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.

Samsara Price Performance

Shares of NYSE:IOT opened at $47.56 on Thursday. The company’s 50 day simple moving average is $39.93 and its 200 day simple moving average is $36.80. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of -95.12 and a beta of 1.50. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $48.11.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. As a group, analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $46.69, for a total transaction of $4,482,240.00. Following the sale, the chief executive officer now owns 867,886 shares of the company’s stock, valued at $40,521,597.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total transaction of $14,894,042.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $46.69, for a total transaction of $4,482,240.00. Following the sale, the chief executive officer now directly owns 867,886 shares in the company, valued at approximately $40,521,597.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,047,254 shares of company stock valued at $82,255,010. 60.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

IOT has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Wolfe Research restated an “outperform” rating and set a $44.00 price objective on shares of Samsara in a research report on Friday, June 28th. Bank of America raised their price objective on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Piper Sandler lifted their price target on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.07.

Samsara Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.